Why is Neogen Chemicals falling/rising?

As of 19-Aug, Neogen Chemicals Ltd's stock price is currently at 1,430.55, reflecting an increase of 14.2 or 1.0%. The stock has been gaining for the last two days, with a total return of 2.17% during this period, and it has outperformed its sector by 0.85%. However, despite this recent uptick, the stock has shown a significant decline over the past month, down 8.33%, and has underperformed the benchmark Sensex over various time frames, including a year-to-date drop of 35.23%. The company faces challenges such as a high Debt to EBITDA ratio of 2.96 times, indicating a low ability to service its debt, and a Return on Equity of 9.58%, which signifies low profitability. Additionally, the stock's operating profit has grown at a disappointing annual rate of 15.27% over the last five years, contributing to its overall negative performance.
In the broader market context, the Sensex has gained 1.76% over the past week, contrasting with Neogen Chemicals' decline of 1.41% during the same period. This consistent underperformance against the benchmark, coupled with negative financial results and a high valuation relative to its earnings, suggests that while there may be short-term gains, the long-term outlook remains challenging. The stock is currently trading near its 52-week low, which may indicate investor caution despite rising participation and liquidity in recent trading sessions. Overall, while there are some positive movements in the short term, the underlying financial issues and historical performance suggest a cautious approach to the stock.